RSI indicating an overbought position and historically means a reversal soon.
MACD losing momentum also means a possible reversal.
Doji candle also means a possible reversal.
Though an uptrend but decreasing volume also means a possible reversal.
Scenario A: Quick dump over a few days before shooting to the moon!
Scenario B: Slow dump over a few weeks before shooting to the moon!
Litecoin is currently riding on Bitcoin, so if Bitcoin is on it's way to 29k, then Litecoin should be on it's way to 170 at least.
Wait for Hammer candle, lower momentum on MACD downtrend and less than 50% on RSI at least before buying.
MACD losing momentum also means a possible reversal.
Doji candle also means a possible reversal.
Though an uptrend but decreasing volume also means a possible reversal.
Scenario A: Quick dump over a few days before shooting to the moon!
Scenario B: Slow dump over a few weeks before shooting to the moon!
Litecoin is currently riding on Bitcoin, so if Bitcoin is on it's way to 29k, then Litecoin should be on it's way to 170 at least.
Wait for Hammer candle, lower momentum on MACD downtrend and less than 50% on RSI at least before buying.
